https://www.taxtmi.com/caselaws?id=343673 The Tribunal dismissed the appeal, upholding the classification of the assessee trust as an indeterminate trust, taxing interest income in the hands of the assessee, and deeming the disallowance of 50% of management expenses reasonable. The decision underscored the significance of meeting specific criteria for trusts to qualify for "pass-through" status and the requirement of clear beneficiary identification in trust deeds. en-us Wed, 19 Apr 2017 00:00:00 +0530 Wed, 02 Aug 2017 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343673 The Tribunal dismissed the appeal, upholding the classification of the assessee trust as an indeterminate trust, taxing interest income in the hands of the assessee, and deeming the disallowance of 50% of management expenses reasonable. The decision underscored the significance of meeting specific criteria for trusts to qualify for "pass-through" status and the requirement of clear beneficiary identification in trust deeds. Case-Laws Income Tax Wed, 19 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343673